BELGIUM - The e871m KBC Bank pension fund has reduced its exposure to equities and increased its weighting in fixed income and real estate in a bid to reduce volatility on the company balance sheet.
Edwin Meysmans, managing director of the company’s defined benefit scheme, told Global Pensions that a strategic 57% allocation to equities made three years ago had been reduced to 50% for the next three-year...
Karel Van Gutte has been named as secretary general of the Belgian Association of Pension Institutions (BAPI).
UK/BELGIUM - The Upper Tribunal expressed "serious reservations" about the amount The Pensions Regulator is chasing in its contribution notice against Michel Van De Wiele NV.
NETHERLANDS/BELGIUM - A group of Dutch and Belgian investors is planning to sue ABN Amro and KBC who acted as counterparties in trades with Lehman Brothers and Ernst & Young who audited the bank's accounts.
EUROPE - Multinationals are increasingly looking at creating cross-border pension funds for their employees, industry figures said.
BELGIUM - Pension funds lost an average of 15.5% over the year up to September, and shifted allocations from equities to bonds, research by Mercer reveals.